Condor Gold files preliminary prospectus for the TSX

Condor Gold {AIM: CNR} announced that it has filed a preliminary non-offering prospectus (‘preliminary prospectus’) with the Ontario Securities Commission.

 

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Comment

It will be interesting to see if Condor gains traction in Canada, where they will be a small fish in a very large pond!

I do not share their optimism, I think this move has a look of desperation about it, but we shall see in due course.

And, sadly, they have still not informed investors of the protests against La India, which have been ongoing for some time now!

 

 

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Condor Gold Plc Files Preliminary Non-offering Prospectus for TSX



LONDON, November 17th 2017.

Further to the announcement on 24th October, 2017, regarding the receipt of conditional approval from the Listing Committee of the Toronto Stock Exchange (‘TSX’), Condor Gold (‘Condor’, ‘Condor Gold’ or ‘the Company’) (AIM: CNR; OTCQX: CNFGF) is pleased to announce that it has filed a preliminary non-offering prospectus (‘preliminary prospectus’) with the Ontario Securities Commission.

Mark Child, Chairman and CEO comments:“The TSX listing will further build the profile of the Company and understanding of its potential among North American investors. Condor’s Central American focus and the robust attributes of its flagship La India Project make a compelling case for listing the Company on the TSX, the number one public market globally for mining companies.

“La India Project contains a mineral resource in the Indicated category of 9.6 million tonnes (‘Mt’) at 3.5 grams per tonne (‘g/t’) for 1.08 million oz gold and a total mineral resource in the Inferred category of 8.5 Mt at 4.5 g/t for 1.23 million oz gold, together with mineral reserve in the Probable category of 6.9 Mt at 3.0 g/t for 675,000 million oz gold. The Indicated mineral resource is inclusive of the mineral reserve. The La India Project is permitting a 2,800 tonnes per day processing plant with a capacity to produce 100,000 oz gold per annum from a single open pit. Condor continues with its strategy of proving a major Gold District.”

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The preliminary prospectus is a non-offering prospectus, which contains important information relating to the Company’s business and operations and ordinary shares, and is still subject to completion or amendment and final receipt and acceptance by the Ontario Securities Commission. Copies of the preliminary prospectus are available under the Company’s profile on SEDAR at http://www.sedar.com. The Company will update investors once this has been accepted in final form by the Ontario Securities Commission and the other conditions to listing on the TSX have been satisfied.  .The Company will remain listed on the AIM market of the London Stock Exchange and its shares trade on the OTCQX.